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Wednesday, July 24, 2024

Raymond Realty Expands Beyond Thane with ₹2000 Crore Luxury Project in Bandra, Mumbai

Raymond Realty, the real estate arm of the Raymond Group, announced on February 20 the launch of its inaugural project in Bandra, Mumbai, marking a significant expansion beyond Thane. The project, named “The Address by GS, Bandra,” is a joint development agreement (JDA) with a land-owning entity and spans an area of 2.74 acres.

The company stated that this venture holds substantial economic potential, with revenue projections exceeding ₹2,000 crore. Strategically located, The Address by GS, Bandra, offers connectivity to key areas such as Bandra-Kurla Complex, Bandra-Worli Sea Link, and other parts of the city.

The residential project will feature a variety of 2, 3, and 4 BHK apartments, complemented by 30 world-class amenities, including a state-of-the-art 16,000 square feet clubhouse. In addition to the residential spaces, the project will also incorporate high-street retail spaces.

Gautam Hari Singhania, Chairman and Managing Director of Raymond Group, commented, “The Address by GS, Bandra is a significant milestone in our growth journey as this is our first project beyond Thane. This project aims to provide luxury living in a gated community with world-class amenities in a prime location like Bandra East, which also provides connectivity to locations like BKC, domestic and international airports.”

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